Volvo Cars has announced its decision to cease production of diesel models by early 2024, positioning itself as an all-electric car manufacturer and becoming one of the first traditional automakers to take such a step.
- The Swedish automaker, majority-owned by China’s Geely, is committed to achieving full electrification by 2030, reflecting its strong focus on sustainability and reducing carbon emissions.
- Diesel cars, which accounted for a significant portion of Volvo’s sales in Europe in the past, have seen a rapid decline in popularity since the Volkswagen emission-cheating scandal. In 2022, diesel models represented only 8.9% of Volvo’s sales, compared to a majority just three years prior.
- In August, one-third of Volvo’s sales consisted of fully electric or hybrid models, highlighting the increasing demand for electrified vehicles in the market.
- The company will continue to offer combustion-engine models alongside its electric lineup until the transition is complete. However, the exact breakdown between petrol and diesel models within the remaining 67% of combustion-engine sales was not specified.
- Volvo’s move aligns with the industry-wide trend of reducing diesel options in response to changing consumer preferences and stricter emissions regulations.
- By taking this bold step, Volvo aims to contribute to the global shift toward sustainable transportation, signaling its commitment to environmental stewardship and embracing the future of electric mobility.